03 Engineering Management

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Module Maintenance

Academic Information

Module Code EG-386 Academic year 15/16

Full Title Engineering Management

College Engineering Level 3

Department Engineering External Credit Level FHEQ 6 / HESA 3

Module Type Taught/Lecture Based Credits 10

ECTS Credits 5

Formal Contact Hours 30

Placement Hours 0

Notional Hours 100

Contact Hours Description Core Lectures 20 hoursDiscipline Specific Lectures 10 hoursPrivate Study 70 hours

Module synopsis to be printed in the catalogue

This module will develop skills relating to the management of financial and human resources within the engineering

sector. With respect to financial resources, the course will introduce the practice of accounting for transactions

within a new business so as to give the student a good appreciate of the balance sheet, profit & loss and cash flow

statements, which are essential components of a business plan. The course will also show students how to interpret

financial statements and how best to allocate financial resources between competing engineering projects. With

respect to human resources, the course will cover the basic concept of entrepreneurship before breaking down the

essential elements of a business plan. The course will give the more entrepreneurial students guidance about how

to go about commercializing their ideas and the less entrepreneurial students an understanding of what makes

some of their colleagues tick. The learn by example approach adopted for this module guides the student through

the complexities of financial and human resource management and encourages students to develop their own

business plans. Students will also be introduce to the subject area of ethics within business.

Notes to be printed in Catalogue

Penalty for late submission of work: ZERO TOLERANCE.

The module is available to exchange students.

Notes, past papers and worked examples can be found on Blackboard.

Delivery Method

Series of lectures.

One assignment (30%) and a 2-hour multiple choice based examination (70%) at the end of the semester.

Is this module placement

based?

Module to be delivered in

collaboration with another

organisation?

Percentage taught in

Welsh

0%

Module Aims

This module prepares student engineers to fulfill their future managerial responsibilities, acquire useful business

perspectives and take on leadership roles to meet the technical challenges of the new millennium.

Learning Outcomes



After completing this module you should be aware of:

• some of the "tools" that assist in the efficient use of financial & human resources in manufacturing;

• how to construct, read and analyze financial data;

• how to make critical investment decisions;

• how to build financial statements for business plans;

• legal, human and economic aspects of entrepreneurship;

• the role of ethics in business.

Transferable Skills

• Focusing on the practical aspects of achieving operational effectiveness and cost accounting, the module helps

develop mathematical and analytical skills.

Syllabus



Section A. Core Component

Unit 1: Accounting Principles and the Balance Sheet (Lectures 1 & 2).

Assets, liabilities, shareholders equity, the balance sheet equation, the fundamental principle of accounting,

introduction to an new business venture (Crimebusters), European and British style balance sheets, double entry

book keeping, the accruals basis, expenses, prepayments, the matching principle, depreciation, going concern and

Crimebusters end of year balance sheet.

Unit 2: Constructing a Profit & Loss and Cash Flow Statement (Lecture 3).

Sales, Costs, Gross Profits, Operating profits, PBT, PAT, relation to Balance Sheet, Operating activities, Investing

activities, servicing of finance, taxation and financing.

Unit 3: Ratio Analysis (Lectures 4 & 5).

Qualifications on profit maximisation, the underlying operation and the funding structure, trend analysis and

benchmarking, return on capital employed, capital productivity, return on sales, gearing ratios: a lenders and

shareholders perspective, return on equity, liquidity and some other ratios. The balance sheet explanation of the

2008 credit crunch.

Unit 4: Investment Appraisal (Lectures 6 & 7).

Cash flows, payback, compounding and discounting, net present values, internal rates of return and decision trees

for capital budgeting.

Unit 5: Capital Budgeting methods (Lecture 8).

Linear programming for solving capital rationing problems: the objective function, the constraints, the mathematical

statement, the feasible region, the optimal solution, extreme points and special cases.

Unit 6: Entrepreneurship: Teambuilding & Finance (Lecture 9 & 10).

Teambuilding and Entrepreneurial Finance.

Unit 7: Entrepreneurship: Business Startups (Lecture 11 & 12).

Risk and Reward. How to set up a new company.Unit 8: Entrepreneurship: The Business Plan (Lecture 13 & 14).

Intellectual Property Rights. How to write a business plan.

Unit 9: Business Ethics. (Lecture 15 & 16).

Engineering, ethics and professionalism: on how to wear an engineering hat and a professional one. These lectures

focus on the concept of professionalism in the business of engineering. Taking its cue from the Challenger disaster

it discusses a number of issues that can arise in commerce that may undermine sound engineering judgement and

professionalism.

Section B. Programme Specific Component

• There are five programme specific components: Civil, Chemical (including Environmental), Mechanical (including

product design), Aerospace and General Engineering.

Lectures 17 to 22.

Civil Engineering. Lectures on risk assessment and health and safety within the construction sector.

Chemical Engineering. Lectures on project appraisal in the chemical industries.

Mechanical and Aerospace. Lectures on manufacturing processes and producing costing worksheets for specific

processes.

General Engineering. Lectures on modelling, simulating and then optimising manufacturing products and processes.

Are there any challenges which might affect a disabled student being able to satisfactorily undertake the teaching

and learning methods of this module?



Assessment Information

Where a need has been identified at recruitment, or at any later stage, an assessment will be made in conjunction

with the student and the Disability Office. The College will make reasonable adjustments and/or develop alternative

arrangements in conjunction with the student.

Support material for this course will be available on the University intranet. Students will be allowed to record

lectures for personal use. If necessary student note takers and support workers can attend classes. If access to

particular lecture rooms is restrictive then the University will alter the venue for the course to allow full access.

The College of Engineering carries out Health & Safety assessments of all practical/laboratory/field work and will

take into consideration the needs of students/staff with medical conditions. In such cases the College will make

reasonable adjustments and/or develop alternatives in conjunction with the student.

For information, in this module students will normally perform the following task:

i)Use a PC during private study.

Reading List : Essential reading (4)

Engineering management : challenges in the new millennium / C.M. Chang.

Chang, C. M.

Pearson Prentice Hall, 2005.

Management for engineers, scientists, and technologists / John V. Chelsom, Andrew C. Payne,

Lawrence R.P. Reavill. (2nd ed.)

Chelsom, John V.John Wiley & Sons, c2005.

Excel models for business and operations management [print and electronic book] / John F.

Barlow. (2nd edition)

Barlow, John F.

Wiley, c2005.

The finances of engineering companies : an introduction for students and practising engineers /

A. J. Reynolds.

Reynolds, A. J.

Edward Arnold, 1992.

Method of moderation to use for the predominant assessment method

Universal second marking

as check or audit



Module Rules

Module components

Assessment Type Mark Scheme Assessment Month Weighting

Examination (Resit

instrument)marking scheme assessment UG August (resit) 70

coursework reassessment

instrument marking scheme assessment UG May 30

Examination marking scheme assessment UG June 70

Coursework 1 marking scheme assessment UG May 30

Component descriptions

The core component is assessed via a two hour multiple choice based examination (contributing 70% to the module

grade).

The programme specific components are assessed through one piece of coursework that is programme specific

(contributing 30% to the module grade).

In what ways will students receive feedback on assessed work, including formal examinations

Students will receive feedback on their coursework, together with a model answer, within three weeks of

submission. Feedback for the examination will take place using the Colleges procedures for distributing such

feedback.

Assessment provision for students with disabilities

Where a need has been identified at recruitment, or at any later stage, an assessment will be made in conjunction

with the student and the Disability Office. The College will make reasonable adjustments and/or develop alternative

arrangements for assessment in conjunction with the student. For students with specific learning difficulties (SpLD)

a database system will communicate the disability requirements of students to appropriate lecturers and anautomatic and discreet system will alert lecturers that SpLD marking guidelines need to be applied. For course

accreditation purposes some competency standards are set by external professional institutions and these will still

need to be demonstrated. However, alternatives will need to be considered by the student and the department if

these cannot be demonstrated through the usual assessment method.

Provide details of how students would redeem failure in the module

Level 2 and Level 3(M) students will be offered the opportunity to resit the examination in August. Coursework

marks obtained during this semester will be carried forward for the resit attempt. Resit for level 3 is dependant on

the student's overall performance.

Semester TB2 Coordinator Dr M Evans

Module Lecturers

Lecturer Name Percent Taught

Dr M Evans 55

Professor MJ Mcnamee 4

Miss X Yin 8

Dr K Wada 8Dr CW Dunnill 25

Module delivered by non No



Administrative Information

Printed on: 14/08/2015 19:29:06

university employee?

Module Teaching and Academic Subject Area

JACS Code JACS Name Department Teaching Load

H110 Integrated Engineering EGSC 100

Requisite modules

Co-requisite Pre-requisite Non-requisite

New Blackboard site

required?

No

Taught with another

module that uses the same

Blackboard site?

No

If Yes, please enter the

module code(s)

What activities do you intend to use e-learning for?

What assessment activities do you intend to you use e-learning for?

Student capacity 280

How often will the module

run during the session?

2 If more than once, when? same time

Location Bay Campus Other location

Does the module encroach

on other subject areas?

Does the module replace

an existing module?

LTC Authoriser LTC Authorise Date

03 Engineering Management

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